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Public Service Body Rebate (GST/HST) Regulations

Version of section 7 from 2006-03-22 to 2012-09-19:

  •  (1) A person is, on the first day of a claim period of the person, a prescribed person for the purpose of subsection 259(12) of the Act where

    • (a) the threshold amount for the person’s fiscal year that includes the claim period does not exceed $500,000;

    • (b) if the person’s fiscal quarter that includes the claim period is not the first fiscal quarter in the fiscal year, the threshold amount for the fiscal quarter does not exceed $500,000;

    • (c) the purchase threshold for the fiscal year does not exceed $2,000,000; and

    • (d) it is reasonable to expect at the beginning of the claim period that the purchase threshold for the person’s next fiscal year will not exceed $2,000,000.

  • (2) A person ceases to be a prescribed person for the purpose of subsection 259(12) of the Act at the earliest of

    • (a) if the threshold amount for a fiscal year of the person exceeds $500,000, the end of the first fiscal quarter in that fiscal year,

    • (b) if the threshold amount for the second or third fiscal quarter in a fiscal year of the person exceeds $500,000, the end of the first fiscal quarter in that year for which the threshold amount exceeds $500,000, and

    • (c) if the purchase threshold for a fiscal year of the person exceeds $2,000,000, the end of the first fiscal quarter in that fiscal year.

  • SOR/99-367, s. 7

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